THE HAGUE (dpa-AFX) - Koninklijke KPN NV (KKPNY.PK), a Dutch telecommunications company, Thursday reported net profit of 169 million euros for the first quarter, 3.5% lower than 175 million euros in the same quarter a year ago, primarily driven by one-off costs related to the launch of Althio.
Operating profit decreased 13% to 294 million euros from 337 million euros last year.
Adjusted EBITDA AL or adjusted earnings before interest, taxes, depreciation and amortization and after lease expenses grew 4.7% to 634 million euros from 605 million euros in the prior year.
Adjusted revenues were 1.418 billion euros, 3% up from 1.377 billion euros in the previous year.
For 2025, the company continues to expect service revenues to grow about 3% and adjusted EEBITDA AL to be more than 2.6 billion euros.
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